More Pricing Fits as Honda Cuts Fit EV Leasing Price

AutoInformed.com Honda Fit EV

Matt and Becky Walton say they will use the Fit EV as a daily commuter car. Few other people have.

In the latest example of the low voltage sales produced in the EV market, Honda is offering a two-year Fit EV lease extension that includes a lower $199 monthly payment down from the existing $259 a month.

When first announced during 2012 in California and Oregon, the Fit monthly lease was $399 for three years. The original leases would have expired this June. Honda only leased 1,069 Fit EVs between July 2012 and December 2014 during two model years, 2013 and 2014.

The latest lease price cut also extends the unlimited mileage, routine maintenance and collision coverage included in the original lease of later cars. In a new twist, this reduced lease price and extended two-year terms are available to new customers interested in driving a used Honda Fit EV. It appears to be a way to phase out the Fit EV.

The Honda Fit EV is among the most efficient 5-passenger electric vehicles on the market with a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe, an EPA-rated driving range of 82 miles, and an efficient energy-consumption rating of 29 kilowatt hours (kWh) per 100 miles. While this is of interest to true believers, these numbers and those of the Nissan Leaf – the clear leader in EV sales since December 2010, more than 72,322 Leafs have been sold in the U.S. – are not enough to make EVs more than a footnote to sales tables.

“We’re very confident in how the vehicles are performing, and look forward to offering new and existing customers a chance to experience everything the Fit EV has to offer,” said Steve Center, vice president of the Environmental Business Development Office, American Honda Motor Co.

Lessees will be contacted by Honda prior to lease end for additional details about lease extensions. Fit EV customers also can take advantage of Honda’s partnership with SolarCity (http://www.hondasolarcity.com/) to install solar power with no upfront cost, allowing them to recharge their vehicle with clean, affordable power from the sun.

About Ken Zino

Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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